Lowe’s Companies (NYSE:LOW) received a neutral rating from Wedbush

Wedbush maintained its neutral rating on the company’s shares Lowe’s Companies (NYSE:LOW – Free Report) – according to Benzinga, in a report published on Wednesday morning. They currently have a $250.00 price target on the home furnishings retailer’s stock.

LOW has been the subject of many other research reports. Citigroup lowered their target price on Lowe’s Companies from $243.00 to $240.00 and set a neutral rating on the company in a research report on Tuesday, May 7. Goldman Sachs Group increased their target price on Lowe’s from $238.00 to $262.00 and gave the company a buy rating in a research report on Tuesday, February 13th. Zelman & Associates maintained a Neutral rating and set a $265.00 price target on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Oppenheimer maintained a market performance rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Monday, March 4th. Finally, Evercore ISI lowered their price target on Lowe’s stock from $255.00 to $250.00 and set an Outperform Rating for the company in a research report on Wednesday. Fourteen equity research analysts have rated the company with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat data, the company currently has an average rating of Hold and an average price target of $251.33.

Check out our latest research report on Lowe’s

Lowe’s Price Performance

LOW stock closed at $221.11 on Wednesday. Lowe’s Companies has a 1-year low of $181.85 and a 1-year high of $262.49. The company has a fifty-day moving average price of $237.57 and a 200-day moving average price of $224.71. The market capitalization of the company’s stock is $126.52 billion, the P/E ratio is 16.80, the P/E/G ratio is 1.69 and the beta is 1.15.

Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings results on Tuesday, May 21st. The home furnishings retailer reported $3.06 earnings per share for the quarter, which topped the consensus estimate of $2.94 by $0.12. Lowe’s companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $21.36 billion for the quarter, compared to analyst expectations of $21.14 billion. During the same quarter last year, the company earned $3.67 per share. The company’s revenues decreased by 4.4% year-on-year. As a group, analysts expect Lowe’s Companies to post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8. Record investors received a dividend of $1.10 per share on Wednesday, April 24. This represents a dividend of $4.40 on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, April 23. Lowe’s Companies’ payout ratio is currently 33.43%.

Hedge funds are charging Lowe’s companies

A number of hedge funds and other institutional investors have recently increased or decreased their stakes in the company. In the fourth quarter, Private Management Group Inc. increased its shares in Lowe’s companies by 4.0%. Private Management Group Inc. now owns 1,205 shares of the home furnishings retailer worth $268,000 after purchasing an additional 46 shares in the last quarter. McAdam LLC increased its position in Lowe’s by 3.5% during the first quarter. After purchasing an additional 46 shares during the period, McAdam LLC now owns 1,363 shares of the home furnishings retailer’s stock valued at $347,000. First Bank & Trust raised its position in Lowe’s by 3.1% during the first quarter. First Bank & Trust now owns 1,509 shares of the home furnishings retailer’s stock valued at $384,000 after purchasing an additional 46 shares during the period. In the fourth quarter, First Command Advisory Services Inc. increased its position in Lowe’s companies by 1.9%. First Command Advisory Services Inc. now owns 2,590 shares of the home furnishings retailer worth $576,000 after purchasing an additional 48 shares during the period. Finally, Prospect Financial Services LLC raised its position in Lowe’s Companies by 3.0% in the first quarter. Prospect Financial Services LLC now owns 1,623 shares of the home furnishings retailer’s stock valued at $413,000 after purchasing an additional 48 shares during the period. 74.06% of the shares are in the hands of institutional investors.

About Lowe’s companies

(Get the free report)

Lowe’s Companies, Inc., together with its subsidiaries, operates in the United States as a home furnishings retailer. The company offers a line of products for construction, maintenance, repair, remodeling and decoration. It also supplies home improvement products such as home appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bathrooms, tools, paints, milling work, hardware, flooring, rough plumbing, building materials, decorations and electrics.

Lowe’s Price Performance

Lowe’s Companies Announces Dividend

Hedge funds are charging Lowe’s companies

About Lowe’s companies

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